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Email this article: Who speaks for 'Europe': Berlin under pressure from Paris?
Posted: Wed May 16, 2012 6:31 pm
INTERNATIONAL. Will Chancellor Angela Merkel be forced to spend rather than save? Like President Hollande, Germany's opposition Social Democrat Party (SPD) is calling for a growth package that would draw on existing funds and not create new debt.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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